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Economic Times | 09 May, 2023 | 11:31AM IST
Go First News Live: Govt bailout of Go First unlikely unless engine issue resolved: Deputy Aviation Minister V.K. Singh
Go First News Live: An Indian government bailout of cash-strapped Go Airlines (India) Ltd was unlikely unless something could be done about the supply of engines to the airline, which sought bankruptcy protection last week, a minister has said. The low-cost carrier, widely known as Go First and which until recently was India's fourth-largest airline by passengers flown, filed for bankruptcy protection, blaming "faulty" Pratt & Whitney engines for the grounding of about half its 54 Airbus A320neos. Deputy Aviation Minister V.K. Singh said the government has offered help to U.S.-based Pratt & Whitney.
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Govt bailout of India's Go First unlikely unless engine issue resolved: Deputy Aviation Minister V.K. Singh
An Indian government bailout of cash-strapped Go Airlines (India) Ltd was unlikely unless something could be done about the supply of engines to the airline, which sought bankruptcy protection last week, a minister has said. The low-cost carrier, widely known as Go First and which until recently was India's fourth-largest airline by passengers flown, filed for bankruptcy protection, blaming "faulty" Pratt & Whitney engines for the grounding of about half its 54 Airbus A320neos. Deputy Aviation Minister V.K. Singh said the government has offered help to U.S.-based Pratt & Whitney.
Russia launches new attack on Ukraine on Moscow's 'sacred' day
Russia launched a new attack on Ukraine on Tuesday as Russia celebrated the anniversary of the defeat of Nazi Germany in 1945, with Ukraine's air defences destroying 23 of 25 missiles fired, chiefly at the capital Kyiv, officials said. The attack - the fifth in May - came a day after Russia launched its biggest drone swarm yet in a renewed air campaign unleashed 10 days ago after a lull since early March. Military officials said there were no casualties in Tuesday's attack and not much damage.
National Investigation Agency is conducting searches at 15 locations in Jammu and Kashmir, in the Pakistan-backed terrorist conspiracy case.
EU chief Von der Leyen arrives in Kyiv for 'Europe Day'
Saudi Aramco intends to introduce a mechanism for performance-linked dividends
China announces tit-for-tat expulsion of Canadian diplomat amid dispute over alleged threats against Canadian lawmaker
15 people killed, 25 injured as bus falls from bridge in Madhya Pradesh's Khargone district: Officials.
Shraddha Walkar murder: Delhi court says prima facie case for murder, disappearance of evidence made out against accused Aaftab Poonawala.
UBS says Credit Suisse CEO Koerner to join leadership of combined group
The leadership reshuffle follows the government-orchestrated rescue of Credit Suisse, which UBS agreed in March for 3 billion Swiss francs ($3.4 billion) and said it would assume up to 5 billion francs in losses, as part of a rescue that is backed by as much as 250 billion francs of state support.
Dubai main airport sees over 21.2M passengers in early 2023
Dubai International Airport had over 21.2 million passengers pass through its terminals in the first quarter of the year, potentially nearing numbers it saw before the coronavirus pandemic grounded air traffic around the world. The Dubai airport, the home of the long-haul carrier Emirates, is the world's busiest for international travel and serves as a bellwether for the global aviation industry.
Social security schemes safeguard underprivileged from financial vulnerability: FM
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Auckland declares state of emergency due to floods, heavy rain
New Zealand's largest city of Auckland on Tuesday declared a local state of emergency due to floods and torrential rainfall. Traffic was at a standstill in Auckland, as the city entered its third state of emergency due to severe weather this year, reports Xinhua news agency. The meteorological agency has issued weather warnings and watches for many parts of the North Island. The North Island was affected by severe floods in January and Cyclone Gabrielle in February which killed at least 11 people.
A team of National Security Guard (NSG) conducts investigation at the spot near Amritsar's Golden Temple where a suspected bomb explosion was reported yesterday.
Delhi: 3 arrested in Seelampur firing case
Three men have been arrested for fighting and firing in the open in the Seelampur area, Delhi Police said on Tuesday. Police have recovered two firearms from the possession of the accused in the incident that took place last night. "Three men were arrested for fighting over a petty issue and firing in the open last night in the Seelampur area. Two firearms have been recovered," the police official said.
UK official visits Hong Kong in years after strained ties
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Former Mayor of Mumbai Vishwanath Mahadeshwar passes away
Senior Shiv Sena (UBT) leader and former Mayor of Mumbai Vishwanath Mahadeshwar passed away on Tuesday after being unwell for a few days, said party officials. The former Mayor of Mumbai was 63 years old and suffered a cardiac arrest on Tuesday. His mortal remains will be kept at Raje Sambhaji Vidyalaya, SantacruzEast, for the last darshan. After that, the funeral procession will leave for the crematorium at Teachers Colony Bandra Crematorium, the officials said.
Financial sector stability is a shared responsibility of regulators: Sitharaman
Regulators should maintain a constant vigil as ensuring financial sector stability is a shared responsibility of the regulators, said Union finance minister Nirmala Sitharaman at the 27th meeting of the Financial Stability and Development Council (FSDC). During the meeting held on Monday, Sitharaman said regulators must take appropriate and timely action to mitigate any vulnerability and strengthen financial stability.
Making 'The Kerala Story' tax-free is a very good decision. I want the people of Uttar Pradesh to watch this film and understand how our sisters have suffered. We will also go and watch the film. The people in West Benegal will not accept the ban on this film
- UP Deputy CM Brajesh Pathak
'The Kerala Story' to be made tax-free in Uttar Pradesh, tweets CM Yogi Adityanath.
Rupee falls 8 paise to 81.86 against US dollar in early trade.
Manipur Violence: People scurry to buy essentials as curfew is relaxed for a few hours
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EU ambassador to China says very positive step Xi finally spoke with Ukraine president
The European Union ambassador to China on Tuesday said it is a very positive step that President Xi Jinping finally spoke with Ukraine President Volodymyr Zelenskiy. "We would like China to go further and help more to reach a just peace, which involves withdrawal of Russian troops from Ukraine," said Jorge Toledo Albinana in Beijing.
Fitch affirms India's sovereign rating on robust growth outlook
Fitch Ratings on Tuesday affirmed India's sovereign rating with a stable outlook saying the country has a robust growth outlook and resilient external finances. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook," it said in a statement, adding strong growth potential is a key supporting factor for the sovereign rating.
Russia marks Victory Day under shadow of Ukraine setbacks
President Vladimir Putin is set to preside Tuesday over Victory Day celebrations overshadowed by Russia's battlefield failures in Ukraine, confrontation with the West and fear of new attacks at home. But in a major coup for the Kremlin, at least six post-Soviet leaders including the prime minister of Armenia and the president of Kazakhstan are expected to attend the military parade that fetes the Soviet victory over Nazi Germany in 1945.
Former Mumbai Mayor Vishwanath Mahadeshwar passes away
Former Mumbai Mayor and Shivsena (UBT) Leader Professor Vishwanath Mahadeshwar died due to a cardiac arrest last night, said party officials. His funeral will be done today at the Teachers' Colony Bandra Crematorium in the afternoon, the officials added.
Air raid alerts issued for Kyiv, about two-thirds of Ukraine - emergency services
Ukrainian emergency services issued air raid alerts for Kyiv and most of central and eastern Ukraine early on Tuesday, extending from Vynnitsya in the west to all eastern regions and south to Kherson and the Odesa region on the Black Sea.
Manipur violence: Haryana students from Manipur arrive at Delhi airport in special flight
Amid the heightened tensions over the violence in Manipur, the students from Haryana who were studying in the state were brought to Delhi by special flights on Monday. Meanwhile, students from Maharashtra and Telangana were also brought back to Mumbai and Hyderabad, respectively by special flights on Monday. Meanwhile, Air India extended a full fee waiver on rescheduling or cancellation of tickets for all flights to or from Manipur till Monday. The decision was taken in view of the situation in the northeastern state. The airline started to offer the concession on May 4.
China says Canada 'sabotaged' relations, vows 'resolute countermeasures'
China said Canada had "sabotaged" relations between the two nations by expelling a Chinese diplomat Ottawa had accused of seeking to intimidate a lawmaker critical of Beijing. "The Chinese side will take resolute countermeasures and all consequences arising therefrom shall be borne by the Canadian side," a statement from the Chinese embassy in Canada said Monday, calling on Ottawa to "step back from the brink."
Union Home Minister Amit Shah to visit Assam on May 26: CM Sarma
Assam Chief Minister Dr Himanta Biswa Sarma on Monday said that Union Home Minister Amit Shah will visit the state on May 26. Addressing a press conference held at Janata Bhawan in Guwahati, the Assam Chief Minister said, "Earlier his (Union Home Minister) schedule was May 11, but due to the situation in Manipur, the Union Home Minister has postponed his scheduled Assam visit till May 26."
Nine dead after Israeli air strikes: Gaza health ministry
Israeli air strikes killed nine people before dawn on Tuesday in the Gaza Strip, according to the health ministry of the Hamas-controlled territory. The Israeli military announced it had carried out strikes against Palestinian "Islamic Jihad targets" in the area, without giving further details. An AFP journalist in Gaza saw the top of a building on fire after the strikes and ambulances evacuating victims.
Assam to celebrate second anniversary of BJP govt from May 9-11: CM Sarma
Assam Chief Minister Himanta Biswa Sarma said that his government has decided to celebrate the second anniversary of the current state government from May 9-11. Addressing a press conference held at Janata Bhawan in Guwahati on Monday the Assam Chief Minister said, "Union Home Minister Amit Shah will visit Assam on May 26 to attend an event to distribute jobs appointment letters and lay the foundation stone of the National Forensic Science University."
LinkedIn to cut 716 jobs, phase out China local jobs app
LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as part of broader changes that would also result in it phasing out its local jobs app in China. In a letter to employees, LinkedIn CEO Ryan Roslansky said the move to cut roles in its sales, operations and support teams was aimed at streamlining the company's operations.
Biden urges 'fair deal' for striking Hollywood writers
US President Joe Biden said Monday he wants to see striking movie and television writers in Hollywood get a "fair deal" on contract negotiations quickly. "I sincerely hope the writers' strike in Hollywood gets resolved and writers are given the fair deal they deserve as soon as possible," he said during a film screening at the White House in honor of the Asian-American community.
